The registration process is not as complicated as in the case of a joint-stock company, but it still takes time and experience in creating such companies. Registration as a payer of value added tax (VAT) is not mandatory after the formation and registration of the company, but becomes necessary if the annual turnover exceeds the limit established by law. A limited liability company requires a minimum authorized capital, which is almost accepted in Latvia, Lithuania and Estonia; however, there are different ways to invest capital. https://www.baltic-legal.com/